Forecasting Growth in the Lessors of Nonfinancial Intangible Assets Market: Trends and Projections 2024-2033

The lessors of nonfinancial intangible assets market size has grown strongly in recent years. It will grow from $616.18 billion in 2023 to $676.19 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to intellectual property leasing, technology advancements, cost efficiency, licensing and royalties, innovation and research.

The lessors of nonfinancial intangible assets market size is expected to see rapid growth in the next few years. It will grow to $997.79 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to digital transformation, intellectual property monetization, global expansion, e-commerce and content creation, saas and cloud services. Major trends in the forecast period include digital content and media licensing, intellectual property monetization, emerging technologies, collaborative research and innovation, sustainability and green technology.

Market Overview -
Lessor of Non-financial intangible assets refer to those individuals or organizations that lease out assets which are intangible in nature, such as patent rights and trademarks, brand names for which a royalty payment or licensing fee is paid to them.

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Surge In Nonfinancial Intangible Assets Drives Growth In The Lessors Of Nonfinancial Intangible Assets Market
The rise in nonfinancial intangible assets such as such as trademarks, patents, brand names, franchise and agreements drive the lessors of the nonfinancial intangible assets market. The growth in nonfinancial intangible assets increases the demand for lessors of the nonfinancial intangible assets market. For example, according to the Australian Intellectual Property Report 2022, an Australia-based government agency, patent applications increased by 11% in 2023, with filings from Australian residents up 25%. Trade mark applications grew by 9%, and trade mark registrations rose by 10%. . Therefore, rise in nonfinancial intangible assets is expected to contribute to the growth of the lessors of the nonfinancial intangible assets market.

Competitive Landscape -
Major companies operating in the lessors of nonfinancial intangible assets market include McDonald's Corporation, Koninklijke Ahold Delhaize NV, Subway IP LLC, 7-Eleven Inc., Yum! Brands Inc., Restaurant Brands International Inc., Hilton Worldwide Holdings, Domino's Pizza, Hyatt Hotels Corporation, Wyndham Worldwide Corp, Burger King Holdings Inc., Dunkin' Brands Group Inc., Marriott International Inc., InterContinental Hotels Group PLC, Choice Hotels International Inc., Best Western International Inc., Accor SA, InterContinental Hotels Group, Marriott Vacations Worldwide Corporation, Hilton Grand Vacations Inc., Royal Caribbean Cruises Ltd., Carnival Corporation & plc, Norwegian Cruise Line Holdings Ltd., Mediterranean Shipping Company Cruises, Princess Cruises, Celebrity Cruises Inc., Holland America Line Inc., Cunard Line Ltd., Seabourn Cruise Line Limited, Regent Seven Seas Cruises.

Companies Strategically Embrace Patent Leasing As A Lucrative Revenue Stream
A large number of companies are investing in research and development and are trying to make patent leasing a major source of their revenue. These companies are investing in niche areas and are seeking a high return on their investments in research and development. Patent owners are licensing their patents to both direct competitors and companies in related industries with most of them creating a new subsidiary unit focused on making money on those assets. Qualcomm, Ericsson, and other companies with significant intellectual-property assets are making their patent portfolios a major source of revenue. Similarly, Qualcomm turned out its intellectual-property business into a separate business unit.

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Key Segments -

The lessors of nonfinancial intangible assets market covered in this report is segmented -

1) By Type: Oil Royalty Companies, Patent Owners And Lessors
2) By Mode: Online, Offline

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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